Laidlaw Wealth Management LLC Purchases 6,329 Shares of iShares Silver Trust $SLV

Laidlaw Wealth Management LLC lifted its position in iShares Silver Trust (NYSEARCA:SLV) by 60.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,722 shares of the exchange traded fund’s stock after buying an additional 6,329 shares during the period. iShares Silver Trust comprises 1.6% of Laidlaw Wealth Management LLC’s holdings, making the stock its 23rd largest position. Laidlaw Wealth Management LLC’s holdings in iShares Silver Trust were worth $549,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Scotia Capital Inc. increased its holdings in shares of iShares Silver Trust by 125.8% in the second quarter. Scotia Capital Inc. now owns 124,966 shares of the exchange traded fund’s stock worth $4,100,000 after acquiring an additional 69,614 shares in the last quarter. Level Four Advisory Services LLC grew its position in shares of iShares Silver Trust by 66.5% in the 2nd quarter. Level Four Advisory Services LLC now owns 54,080 shares of the exchange traded fund’s stock valued at $1,774,000 after purchasing an additional 21,606 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares Silver Trust by 8.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 407,457 shares of the exchange traded fund’s stock valued at $13,369,000 after purchasing an additional 30,961 shares during the period. Elevation Point Wealth Partners LLC increased its stake in iShares Silver Trust by 1.3% during the 2nd quarter. Elevation Point Wealth Partners LLC now owns 81,853 shares of the exchange traded fund’s stock worth $2,686,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Fortress Financial Solutions LLC bought a new stake in iShares Silver Trust during the 2nd quarter worth approximately $265,000.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $48.40 on Friday. iShares Silver Trust has a 52 week low of $26.19 and a 52 week high of $49.25. The company’s 50 day moving average price is $44.55 and its two-hundred day moving average price is $37.54. The company has a market capitalization of $26.08 billion, a P/E ratio of -8.51 and a beta of 0.38.

iShares Silver Trust Profile

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust.